Lockheed Martin unveils next-generation hypersonic glide body
Get Alerts LMT Hot Sheet
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.7%
EPS Growth %: +395.2%
Join SI Premium – FREE
Lockheed Martin (NYSE: LMT) has announced a new hypersonic glide body weapon system, called the next generation glide body (NXGB), designed to serve as a long-range strike option that can be launched from multiple platforms across multiple warfighting domains.
According to a company statement, NXGB is built with a manufacturing-first approach intended to reduce costs while delivering greater range and velocity compared to current designs. The system is designed to scale production to meet what the company describes as a growing national security need for long-range strike capabilities.
Johnathon Caldwell, Lockheed Martin vice president and general manager of Strategic and Missile Defense Systems, said the system was designed "to provide greater value to our customers while delivering an operational advantage to the warfighter."
The company states the weapon incorporates technologies and engineering practices drawn from more than six decades of missile development. Lockheed Martin said it has made investments in manufacturing infrastructure and supply chain partnerships to support scaled production of the system.
The program has completed a Preliminary Design Review, which the company says confirms the design meets criteria for performance, producibility, and affordability. A flight demonstration is scheduled for 2027.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Alphabet Sees FY26 Capex $195B To $205B, Saw $180B To $190B
- Shutterstock's chief accounting officer to resign in August
- Steakholder Foods adjusts ADS ratio in a 1-for-3 reverse split
Create E-mail Alert Related Categories
Corporate NewsRelated Entities
Maynard Um, Mark Zuckerberg, ARKSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share